Bitget Launches MON On-Chain Staking and Spot Trading Dual Event, Offering up to 20% APR

On December 1, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone said in a social media post that Bitcoin could retrace to $50,000, while the Bitcoin-to-gold ratio may eventually drop to 13x. He noted extreme market euphoria suggests risk assets may decline further—with Bitcoin likely leading the way. McGlone added the Bloomberg Economic Model shows the Bitcoin-to-gold ratio was around 20x as of December 1, though its fair value is closer to 13x. The key driver pushing the ratio lower: S&P 500 120-day volatility is approaching its lowest year-end level since 2017.

BlackRock transferred 2,156 Bitcoin to Coinbase 7 minutes ago, per Onchain Lens monitoring—valued at roughly $186 million as of Dec. 1.

On December 1, LookOnChain monitoring data shows that the PIPPIN Diamond Hands address associated with 2Gc2Xg has just sold all 24.8 million PIPPIN tokens it held for over a year—valued at $3.74 million—locking in a profit of $3.65 million (a 4066% return). A year ago, the address spent 450 SOL (worth $90,000 at the time) to acquire these 24.8 million PIPPIN tokens. By January 11, its gains had reached roughly $7.6 million, but the holder chose not to sell then. Since that peak, PIPPIN’s market capitalization has fallen below $10 million. With PIPPIN’s recent price rebound, the holder finally exited, selling all 24.8 million tokens for 29,527 SOL (worth $3.74 million) and avoiding another missed cash-out opportunity.

On December 1st, digital asset exchange Websea announced it has secured a strategic investment from private equity firm Hongyi (Hongyi Culture), per official sources. This marks the first in-depth investment by a trillion-dollar traditional capital firm in the Web3 trading platform space. Founded in 2023, Websea holds relevant licenses in the U.S., Canada, Australia and other regions. It has rolled out guaranteed products including principal-protected copy trading, contract insurance and yield-boosting funds. Per official disclosures, Websea and Hongyi will collaborate on platform development, risk control systems, product innovation and the platform token ecosystem. The two parties are set to hold a strategic investment shareholder meeting imminently. Websea stated the investment will help the platform further enhance its global expansion, risk management and ecosystem development capabilities. Its native token WBS may also see new growth opportunities in the ecosystem going

As of December 1, Bubblemaps data shows the three addresses tied to the "1011 Flash Crash Shorter Insider Whale" — 0xf6fd, 0xF744, and 0x4116 — have collectively borrowed 220 million USDT from Aave and transferred the funds to Binance. Combined, these addresses still hold over $500 million in on-chain assets.

**Bitcoin Divergence Alert: Whales Slow Accumulation as Retail Ramps Up Buying (Dec 1)** Bitcoin slipped below $86,000 during Monday’s morning session, triggering a clear divergence in on-chain wallet behavior: large holders slowed accumulation, while small retail investors accelerated purchases. Analysts warn this pattern often signals growing market fragility heading into the end of a cycle. On-chain data shows long-term holders and whale wallets have drastically cut back on accumulation in recent weeks, while wallets holding less than 1 BTC have ramped up buying. Timothy Misir, Head of Research at BRN, noted the split comes at a sensitive market structure juncture: “Whales slowing purchases as retail steps up accumulation is a classic end-of-cycle pattern that will amplify short-term fragility. This morning’s liquidations were part of a liquidity and position adjustment event—markets haven’t signaled a trend reversal yet, but underlying pressure is present.” Misir added s